JLL Capital Markets announced that it has closed the sale of The Q at Maitland, a 129-unit luxury apartment community in Maitland, Florida, in the Orlando area.
JLL marketed the property on behalf of the seller, 430 East Packwood Partners, LP. JT Capital acquired the property.
The two-story property features one-, two-, three- and four-bedroom units that feature chef inspired kitchens with granite counter tops and stylish designer cabinetry, ample closets, open entertainment areas, stylish interiors, in-unit washer and dryer, private garden style patio and elegant crown moldings. The pet-friendly community has a swimming pool with a resort-style tanning deck, fitness center, theatre, outdoor kitchen with cabana bar and controlled access for building entrances.
Located at 430 East Packwood Ave., the community is within walking distance to the SunRail, Orlando’s commuter rail service. The Q at Maitland is in the northern part of the Orlando MSA in Maitland, one of Central Florida’s oldest incorporated municipalities. The property is approximately six miles from downtown Orlando.
The JLL Capital Markets investment sales team that represented the seller was led by Managing Director Jay Ballard and Managing Director Ken DelVillar.
“This asset represents an opportunity to own a ‘legacy’ multihousing asset, with access to the Maitland—Winter Park chain of lakes,” said DelVillar.
“This asset was completely renovated in 2008 and represents an opportunity to benefit from updated interiors, an ‘infill’ location in the desirous City of Maitland, with A-rated schools and nearby services, grocery and restaurants,” Ballard added.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients—whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.